Working Title

The not-for-profit Consumer Reports magazine may have to resort to layoffs, the New York post is reporting.

The magazine — perennially profitable from its 9 million subscribers for print and online products — expects an operating loss next year due to the recession’s erosion of its customer base.

The magazine, owned by the not-for-profit Consumers Union, doesn’t accept advertising and isn’t dependent on shrinking ad dollars.
— Bad job reviews and Consumer Reports NY Post 7 Jul 2009

It shows that while not-for-profits do have a cushion in their operations, the stormy waters may sink all kinds of boats.

This entry was posted on Wednesday, July 8th, 2009 at 8:41 am and is filed under bankruptcy watch, not for profit. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.